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No. Not unless some other clause in the contract has been breached.

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16y ago

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Related Questions

Is it illegal to reposses a vehicle outside the stste?

No it's not illegal to repossess a car outside the state. It is illegal to leave the state with the car that you have defaulted on the loan.


Can bank reposses car after you paid 75 percent loan and i defaulted 2 month installments?

Quite probably. Because you have paid so much of the loan they might even find it more attractive to do so.


If you are a cosigner on a car loan and the bank reposses how long is your credit affected?

Seven years.


Can you still get insurance and registration if your hiding from a loan company on a vehicle?

If you have defaulted on your loan and not returned the vehicle, then you have basically committed a theft.


Is it legal for a co-signer to reposses the vehicle that is financed through a bank?

I don't think so. The co-signer is not the registered owner and has no claim to the vehicle. Only the bank or the loan company (which lends the buyer the money and holds the vehicle title until it's paid for) can repossess. The co-signer just guarantees the loan. If the buyer defaults, the bank will come after him to make payments.


Defaulted auto loan and finance company does not want vehicle back how do you get the title?

If you have defaulted on the loan, you must sell the vehicle, pay off the loan you have, receive a lien release on title from the loan company and sign it ovet to the buyer. This is bad situation as most people will not pay for a vehicle with out receiving the title at the time of purchase.


When you have two cars and a loan through a bank and both cars are being reposses can the bank come after you at all if you don't pay the remaining balances?

bannana


Your husband defaulted on his vehicle loan How will it affect your credit report?

if you co-signed on the loan then your credit will be impacted negativly just as his


Can a lien holder stop you from registering your vehicle for tags if you have defaulted on the loan?

They have a vested interest in the vehicle. Their lien can prevent you from registering the vehicle.


What is entry for vehicle loan taken from a bank?

vehicle a/c debit bank loan a/c credit


What happens if don't pay the car loan?

If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.


Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?

A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.